Which is Safest, a Bank or a Box Under the Bed.

      I keep pumping out the message that what is happening in Greece, is on its way here via Spain, Portugal, Italy and Ireland, and now we can add Cyprus. Remember that first directive from the financial Mafia, that savings in Cyprus would be cut by up to 10%. It was thrown out by all the local politicians, so they could go back to Brussels supposedly to "discuss" the matter again, giving them and there millionaire circle of parasites time to get there money out before they came back and accepted the second and same demand, by the financial Mafia. Only this time it was rumoured that it would be 40% of savings stolen. Now the figure is going to 80% snatched from your account. Everybody is saying that is a one and only savings plunder of this type by the financial Mafia. How wrong could you be, it seems that this type of theft has been discussed by all the players in the financial Mafia club, from the US, to UK and even sunny New Zealand. It will, I have no doubt, be rolled out across all those countries that are summoned to the altar of the Trioka and told to seek a bailout. Then perhaps it could be used to supplement the "austerity" measures to encourage those mythical "green shoots of recovery". All for our benefit of course!!

      In this type of "democracy" these big decisions that can shatter the lives of millions are made in secret, by faceless suits, in sumptuous rooms in marble halls, all done and dusted away from prying eyes. Make no mistake about it, the economy in Cyprus is finished, all small and medium business will go bust, poverty and deprivation will be the norm for the unfortunate ordinary people of the sunny Mediterranean island. It will be decades of poverty and suffering for all the ordinary people, of course they can take comfort in the fact that their misery and deprivation is saving the country. Can somebody explain to me what the "country" is, if it is not its people? In true and honest language, the ordinary people are being sacrificed to save the billionaires from taking a hit on their gambling losses. We are dealing with desperate conmen, gangsters, thugs.

    This from Seeking Alpha:

     Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few eurozone "troika" officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England dated Dec. 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.

New Zealand has a similar directive, discussed in my last article here, indicating that this isn't just an emergency measure for troubled eurozone countries. New Zealand's Voxy reported on March 19:

The National Government [is] pushing a Cyprus-style solution to bank failure in New Zealand, which will see small depositors lose some of their savings to fund big bank bailouts...
Open Bank Resolution (OBR) is Finance Minister Bill English's favored option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank's bailout.

Read the full article HERE:

      Well now you know what they discuss at those G20 parasite get-togethers.

ann arky's home.

WE ARE BEING SUCKERED.

       In 2008 we had the so called financial crash, here we are in 2013 and the November unemployment figures for the Eurozone hit a new all time high at 11.8%, youth unemployment at 14.4%, while for the whole of the European Union it is 10.7%, and youth unemployment is 23.7%. This translates into more than 26 million people unemployed across the EU. struggling to survive, not that those in work are doing that much better. According to the BBC's World Service Economic correspondent, Andrew Walker, “---- The general trend however remains upwards and it makes it even harder for the governments concerned to collect the taxes they need to stabilise their debts”
    These figures are modest by the figures in some individual European countries, Spain leading the charge with 26.6% and Greece following with 20%. The misery heaped on the young of these two countries alone, is an indictment of the capitalist system. Greece has the worst unemployment amongst the young with 57% and Spain next with 56.5% . More than half of the young population of both these countries mired in poverty and their entire life potential being stunted. That's the system we are expected to embrace.
      Of course unemployment is not an accident, it is not unavoidable, it is the direct result of government policies as they follow the instructions of the financial Mafia. Unemployment is the ugly side of that polite phrase, “structural reform” unemployment is the criminal reality of the innocent sounding “austerity cuts”. Both these phrases come together as the cornerstone of the Western corporate world's drive to become “more competitive.”, another innocent sounding phrase with a dire reality. It in fact means, lower wages, unregulated labour and a pool of unemployment. In other words, a European-wide sweatshop economy to compete with the sweatshops of the East.

                                      These are hard times.
 

        Here in the UK, under the direction of the ConDem coalition of pampered parasites, 2013 will be the year that all that talking of “austerity cuts”, starts to impact with a vengeance on the lives of most of us ordinary people. It will be the year that people will begin to realise that cuts are usually followed by bleeding. Our cuts are severe, expect severe bleeding. Meanwhile our millionaire lords and masters, living the pampered life of useless parasites, will attempt to shed a theatrical tear as they tell us how hard things are and how we will all have to do “our bit” and “we are all in this together”. They will then retreat to their mansions and prepare for a break in their Bermuda holiday home. They call it capitalism, don't you feel like a sucker?

ann arky's home.

THE EURO IS FINE.

     The latest Eurozone report is now available and is necessary reading for all Europeans.
Read the full report HERE:

ann arky's home.

YOUR KIDS WILL BE NEXT.

         What awaits us as the Eurozone circles the drain, for some idea we can look at what has happened to the Greek people in just a couple of years. From a relatively comfortable lifestyle for most, to deprivation, from a comparatively low crime rate, to a rocketing crime rate, from mostly stable communities to massive increases in suicides, alcoholism and mental health problems, all the direct result of AUSTERITY, which is just a polite word for plundering the people and pushing them into deprivation. I should add that all these problems are for the ordinary people, our political masters and the financial Mafia are exempt from that deprivation they inflict on the rest of us. This from Teacher Dude's Grill and BBQ.

      This picture was taken in the centre of Thessaloniki, Greece's second largest city. The young teen, no older than 13 or 14 was wheeling a shopping trolley full of scrap metal just metres away from the high end hotels and shopping malls that call this part of the town home.

      He, along with many even younger can be seen in the city rooting through the recycling bins for cans, scrap metal and paper.. For those who scavenge, beg, sell trinkets and wander the streets of this European city there is no school or perhaps even a future, except for more of the same.

ann arky's home.